Federal OCC Review Examines Debanking Practices at Major U.S. Banks
Photo: The Daily SignalHow the sides differ Alternative sources stress how 'reputation risk' was used internally; right sources emphasize political and religious targeting, with some citing SPLC use and Biden administration pressure.
A federal investigation by the Office of the Comptroller of the Currency examined debanking at America's largest banks. Outlets report it found policies or decisions that disadvantaged customers over political beliefs, religious affiliations or lawful business activities, affecting conservative and religious groups. The review reportedly covered nearly 100,000 complaints and about 420,000 pages of documents, and named banks such as JPMorgan Chase, Wells Fargo, PNC, TD, Bank of America and Citibank. Accounts differ on emphasis: one says employees used 'reputation risk' as a pretext, another highlights reliance on the Southern Poverty Law Center, and another says the Biden administration pushed banks.
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Focuses on how bank employees used 'reputation risk' as a pretext to drop customers seen as too conservative or controversial.
- The Daily Signal4 Major Banks Used SPLC in Adverse Decisions Affecting Conservative, Christian Groups, Federal Review Finds
- Daily WireBiden Administration Pushed Banks To Target Conservative And Religious Groups, Report Finds
Presents the report as proof of political and religious targeting, citing SPLC reliance and, in one outlet, Biden administration pressure.